Investment Securities (Tables)

12 Months Ended

Dec. 31, 2020

Investments Debt And Equity Securities [Abstract]

Schedule of Investment Securities Available-for-Sale

Investment securities available-for-sale at December 31, 2020 and 2019 are as follows: (in thousands)

	Amortized		Gross Unrealized		Gross Unrealized			Estimated
December 31, 2020	Cost		Gains		Losses			Fair Value
U.S. Government sponsored enterprises	$	11,870		1		(12	)		11,859
Government agency mortgage-backed securities		9,206		326		—			9,532
Trust preferred securities		2,715		—		(101	)		2,614
Total	$	23,791		327		(113	)		24,005

December 31, 2019
U.S. Government sponsored enterprises		501		—		(1	)		500
Government agency mortgage-backed securities		3,305		13		—			3,318
Total	$	3,806		13		(1	)		3,818

Schedule of Amortized Cost and Estimated Fair Value of Investment Securities Available-for-Sale by Contractual Maturity

The amortized cost and estimated fair value of investment securities available-for-sale at December 31, 2020 and 2019, by contractual maturity, are shown below. Maturities of mortgage-backed securities will differ from contractual maturities because borrowers may have the right to call or prepay certain obligations with or without call or prepayment penalties. Therefore, these securities are not included in the maturity categories. (in thousands)

	December 31,
	2020				2019
	Amortized		Estimated		Amortized		Estimated
	Cost		Fair Value		Cost		Fair Value
U.S. Government sponsored enterprises
Within 1 year		—		—		501		500
Greater than 1 to 5 years		—		—		—		—
Greater than 5 to 10 years		—		—		—		—
Greater than 10 years		11,870		11,859		—		—
		11,870		11,859		501		500
Trust preferred securities
Within 1 year		—		—		—		—
Greater than 1 to 5 years		—		—		—		—
Greater than 5 to 10 years		2,215		2,189		—		—
Greater than 10 years		500		425		—		—
		2,715		2,614		—		—
Government agency mortgage-backed securities		9,206		9,532		3,305		3,318
Total	$	23,791		24,005	$	3,806		3,818